Celestica (CLS) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Celestica in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CLS shares.
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6 brokers have issued twelve-month price objectives for Celestica's stock. Their CLS share price forecasts range from $13.50 to $15.50. On average, they expect the company's share price to reach $14.50 in the next year. This suggests a possible upside of 15.2% from the stock's current price.
View analysts price targets for CLS or view top-rated stocks among Wall Street analysts.

Celestica's stock was trading at $11.27 on January 1st, 2023. Since then, CLS shares have increased by 11.7% and is now trading at $12.59.
View the best growth stocks for 2023 here.

Celestica saw a increase in short interest in April. As of April 30th, there was short interest totaling 1,890,000 shares, an increase of 23.5% from the April 15th total of 1,530,000 shares. Based on an average trading volume of 499,400 shares, the short-interest ratio is presently 3.8 days. Currently, 1.9% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
View our CLS earnings forecast.

Celestica Inc. (NYSE:CLS) released its quarterly earnings data on Monday, March, 13th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. The technology company earned $2.04 billion during the quarter, compared to the consensus estimate of $1.96 billion. Celestica had a net margin of 1.97% and a trailing twelve-month return on equity of 15.14%.

ETFs with the largest weight of Celestica (NYSE:CLS) stock in their portfolio include iShares International Developed Small Cap Value Factor ETF (ISVL).iShares International Small Cap Equity Factor ETF (ISCF).

Celestica issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $2.00-$2.05 for the period, compared to the consensus estimate of $2.03. The company issued revenue guidance of $7.60B-, compared to the consensus revenue estimate of $7.60 billion.

94 employees have rated Celestica Chief Executive Officer Rob Mionis on Glassdoor.com. Rob Mionis has an approval rating of 63% among the company's employees. This puts Rob Mionis in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Celestica investors own include Aurora Cannabis (ACB), Quantum (QTM), Ballard Power Systems (BLDP), Portland General Electric (POR), NVIDIA (NVDA), Shopify (SHOP), AT&T (T), Advanced Micro Devices (AMD), Walt Disney (DIS) and Freeport-McMoRan (FCX).

Celestica trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLS."

Celestica's stock is owned by a variety of institutional and retail investors. Top institutional investors include Letko Brosseau & Associates Inc. (10.06%), Pzena Investment Management LLC (4.80%), Donald Smith & CO. Inc. (4.18%), Acadian Asset Management LLC (3.13%), Arrowstreet Capital Limited Partnership (1.80%) and Connor Clark & Lunn Investment Management Ltd. (1.29%).

Shares of CLS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CLS stock can currently be purchased for approximately $12.59.

Celestica (NYSE:CLS) has a market capitalization of $1.52 billion and generates $7.25 billion in revenue each year. The technology company earns $145.50 million in net income (profit) each year or $1.21 on an earnings per share basis.

The company employs 26,324 workers across the globe.

Celestica's mailing address is 5140 YONGE STREET SUITE 1900, TORONTO A6, M2N 6L7. The official website for the company is www.celestica.com. The technology company can be reached via phone at (416) 448-5800, via email at clsir@celestica.com, or via fax at 416-448-2280.